Sugar market news from Ukraine, Belarus and Russia, Apr 26, 2019

Latest news are available in our daily reports.

RUSSIA

On April 25, 2019, the former president of the International Chess Federation (FIDE), now the president of the International Sugar Corporation (IIC), Kirsan Ilyumzhinov, and the vice-president of the Chinese company Harkan, Longkhai Xu, signed an agreement in Beijing to build the largest sugar factory in Russia. Kirsan Ilyumzhinov, immediately after the ceremony of endorsement, has announced that the construction of the first sugar factory in the village of Tselina of Rostov region will begin in September. The project cost is 16 billion 200 million rubles or about $ 250 million, of which approximately 30% will be the Chinese investment.

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According to the Ministry of Agriculture of the Russian Federation, as of April 25, 2019, Russia has seeded sugar beet out on an area of ​​789.9 thousand hectares or 69.5% of the forecast area (in 2018 - 359.3 thousand hectares ).

UKRAINE

Sugar beet was seeded on an area of 206 thousand hectares or 84% of the forecast in Ukraine as of April 25, 2019, UNN reports, citing the press service of the Ministry of Agrarian Policy of Ukraine.

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According to Ukrstat data, processed by Sugar.Ru, the production of sugar in March 2019 has made 0.0 MT (in March 2018 - 0.0 MT). Total 0 MT of sugar have been produced in January-March 2019 (in January-March 2018 - 0 MT). The stocks of sugar decreased to 574093 MT in March 2019 (-15.45% vs. previous month, +7.34% vs. March 2018 and -28.11% vs. December 2018). The stocks of molasses decreased to 118950 MT in March 2019 (-9.23% vs. previous month, +16.43% vs. March 2018 and -20.80% vs. December 2018). The stocks of beet pulp increased to 874557 MT in March 2019 (+9.03% vs. previous month, +12.84% vs. March 2018 and -22.93% vs. December 2018).

BELARUS

As Sugar.Ru was informed at the Ministry of Agricultural Production of the Republic of Belarus, Belarusian farmers seeded 90.3 thousand hectares with sugar beet by April 26, 2019, which is 95% of the plan (last year - 68.8 thousand hectares, 69.7%). The farmers of Belarus plan to sow total 95 000 hectares with sugar beet in 2019.

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Sugar reserves with industrial enterprises amounted to 205.3 thousand tons in the Republic of Belarus as of April 1, 2019, which is 20.9% less than it was as of March 1, 2019. This figures were sounded to Sugar.Ru in the National Statistics Committee of Belarus.

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